3M Co (NYSE:MMM)
$ 98.93 1.6 (1.64%) Market Cap: 54.74 Bil Enterprise Value: 65.93 Bil PE Ratio: 0 PB Ratio: 11.25 GF Score: 72/100

3M Co at Goldman Sachs Industrials and Materials Conference Transcript

May 15, 2019 / 01:45PM GMT
Release Date Price: $145.58 (-0.62%)
Joseph Alfred Ritchie
Goldman Sachs Group Inc., Research Division - VP & Lead Multi-Industry Analyst

(technical difficulty)

Good to have you here today. Nick is going to kick it off with some opening comments, and then we'll get toâ¦

(technical difficulty)

Nicholas C. Gangestad
3M Company - Senior VP & CFO

Great. Thanks, everyone, for being here, and Joe, thanks for hosting us. I'd like to cover a few topics before we jump into the Q&A. And as a reminder, here is our forward-looking statement regarding this presentation.

So in first quarter, we faced some near term challenges -- challenging quarter and as we discussed in our first quarter earnings call, we're moving quickly to strengthen our performance and address the challenges that we're facing. And these are the actions that have been and are underway in 3M. First, we are reducing approximately 2,000 positions in our company through both voluntary and involuntary actions, and these reductions span all business groups, functions and geographies with an emphasis on

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot